Shark Tank Pitch

Ice Chips Shark Tank Update

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Yelm, WA

Ice Chips Shark Tank Update


Pitch Overview
NameIce Chips
Main PresentersBeverly Vines-Haines & Charlotte Clary
Presenter Image
Ice Chips Entrepreneurs: Beverly Vines-Haines & Charlotte Clary
Product Image
Ice Chips Product Image
Last Known in Business9/28/2022
Main Location

Yelm, WA

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Order Shown in Episode4
Final DealOffer made from sharks

Ice Chips Shark Tank Pitch

Beverly Vines-Haines and Charlotte Clary have been friends for 26 years and have a combined 37 grandkids. Their large family has started a business called Ice Chips candy.

Don't be alarmed when I tell you Ice Chips candy is made from Xylitol. Beverly and Charlotte are not Russian communists or time travelers. According to healthline.com

Link Preview

healthline.com

https://www.healthline.com/nutrition/xylitol-101

Xylitol is a natural sweetener in some vegetables and birch trees that can be used as a lower calorie alternative to regular sugar and resists bacteria for healthier teeth. Large doses can cause an upset stomach, and consumption can be poisonous for dogs.

Ice Chips did $360k revenue last year and have already done $342k halfway through this year with expectations of hitting $1 million by year-end. The grannies expected to get an update on the Shark Tank season 4 finale, but instead, Shark Tank opted for a mashup of updates from other companies.

Every shark but Robert is interested but it seems as though Barbara's criticisms of Kevin have made him the kid nobody wants to play with. Beverly and Charlotte end up with a deal with Barbara and Mark.


Offers

Made ByLabelSharks Part of DealSummary
CompanyOffered$250k for 15% of company
SharksOfferedDaymond John$250k for 30% of company
SharksDeal Never ClosedBarbara Corcoran, Mark Cuban$250k for 40% of company
SharksOutRobert HerjavecOut
SharksOfferedDaymond John, Kevin O'Leary$250k for 35% of company
SharksOfferedDaymond John$250k for 25% of company

Mark Cuban
Mark Cuban

Mark Cuban

Deal Never Closed

Daymond John
Daymond John

Daymond John

Offered

Kevin O'Leary
Kevin O'Leary

Kevin O'Leary

Offered

Barbara Corcoran
Barbara Corcoran

Barbara Corcoran

Deal Never Closed

Robert Herjavec
Robert Herjavec

Robert Herjavec

Out


Updates in Shark Tank Episodes

Update SeasonUpdate Episode
No Episode Updates

Ice Chips After Shark Tank

Charlotte Clary did an interview

Link Preview

interview

https://www.sharktankblog.com/ice-chips-update-interview

with Shark Tank Blog a few months after airing with an update on her, Charlotte Clary, and Ice Chips. The deal with Barbara and Mark fell through in due diligence possibly due to Beverly and Charlotte splitting their time between Ice Chips and a skincare company they ran called Healing Leaf.

Ice Chips had 8600 people on their website during their episode resulting in 1500 orders. Their wholesale channels grew as well. They attributed about $300k of extra revenue that year to Shark Tank.

Bev and Charlotte were working on getting machines to automate production and hoped to launch another product by the end of 2013. Beverly Vines-Haines was working on another book about the grannies' story.

According to a 2017 article by seattlerefined.com

Link Preview

seattlerefined.com

https://seattlerefined.com/eat-drink/cutting-edge-candy-companies-was-found-by-two-grannies

, Ice Chips moved to a larger facility in Olympia, Washington in 2015. They hit $1 million in sales in 2012 and were doing around $3.5 million in annual revenue in 2017.

In 2022 Ice Chips is still in business and its website is icechips.com

Link Preview

icechips.com

https://www.icechips.com

, where you can buy many flavors of Ice Chips.

In September 2022, I ordered through their website, and they arrived a few days later. Having something to suck on while writing blog posts all day is nice. I'm no expert on Xylitol, but these Ice Chips are a pleasant, flavored candy that doesn't seem to leave my teeth feeling as sugar-covered as Tic-Tacs and other mints. Additionally, they are not wrong that eating about half a pack or more may cause some slight gas the next day.

Ice Chips Shark Tank unboxing and review

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